Wall Street week ahead: All eyes on Federal Reserve’s interest rate decision and jobs data
ALSO READ: US Fed bets reprice: China, Japan, South Korea and India look attractive On April 30 (Tuesday), reports on employment cost index for first quarter (Q1) and consumer confidence for April will be unveiled. On May 1 (Wednesday), data on ADP employment for April, auto sales for April, and ISM manufacturing for April will be released. On the same day, FOMC (Federal Open Market Committee) interest rate decision will be announced, followed by Fed Chair Jerome Powell’s press conference.
On May 2 (Thursday), US trade deficit data for March and factory orders data for the same month are slated to be declared. May 3 (Friday) will see the release of US employment report for April and ISM services data fpr April. ALSO READ: US Q1 GDP: At 1.6%, US economy grows at slowest pace in 2 years, misses estimate Following companies are due to report quarterly earnings in the week ahead— NXP Semiconductors, ON Semiconductor, MicroStrategy, Domino's Pizza, Chegg, Medifast, Amazon, Eli Lilly, Coca-Cola, AMD, McDonald's, Starbucks, PayPal, Caesars Entertainment, Mondelez International, Super Micro Computer, Lemonade, CVS Health, Qualcomm, Pfizer, Kraft Heinz, Mastercard, Marriott International, DoorDash, MetLife, MGM Resorts, eBay, DuPont, Apple, Shell, CononoPhillips, Amgen, Booking Holdings, Fortinet, Hershey, Cheniere Energy, and Magna International.
US stocks rose on Friday on Big Tech earnings. The Dow Jones Industrial Average rose 153.86 points, or 0.40 per cent, to 38,239.66, the S&P 500 gained 51.54 points, or 1.02 per cent, to 5,099.96 and the Nasdaq Composite gained 316.14 points, or 2.03 per cent, to 15,927.90. The US dollar rose to 157.74 yen from 155.61 Japanese yen.
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